Funding Update

TCV has completed its 2019-20 funding task.

For the 2020-21 year, a comprehensive forecast of the full funding impact of the pandemic responses and associated economic downturn will not be available until the 2020-21 Budget is released in November 2020. However, TCV anticipates a funding requirement of between $20-24 billion. This represents a combination of $10-14 billion in additional funding and the previously advised 2020-21 funding task of $10.2 billion.

Prior to the release of the budget, TCV will keep markets informed as the Government makes further decisions and the impacts on funding requirements are quantified.